Fannie Mae (FNMA)

[contrarian bull]

Are we going under $.20 like we did a few years back

I think this stock will drop about 20% per year out of boredom, with sudden increases or drops in between for good or bad news. If nothing happens - a slow grind to single digit pennies. More likely it'll bounce around but still decline every year.

The shares might be worth from $5 to $200, but the odds of even $5 are probably 2 in 100. That sets the long-term no-news value at a dime per common share.

Preferred are similar, except their ultimate value is locked in at $25 for most, giving them a value of $.50.

I own this because I like the 50:1 payout potential. Even better than the roulette wheel.